Cheap Apartments for Rent in Monroe, LA from $400 (61 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monroe.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Shadow Hawk
$875 - $1,110
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $1,110
Total Monthly Price
$875 - $1,110
1 to 3 Bedroom Apartments Available May 30

Shadow Hawk

3000 Evangeline StMonroe, LA 71201
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Sycamore Point
1 to 4 Bedroom Apartments

Sycamore Point

1837 Juliana WayMonroe, LA 71202
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Lakeway Apartments
2 to 3 Bedroom Apartments

Lakeway Apartments

3375 LA 594Monroe, LA 71203
  • Utilities Included
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Magnolia Terrace
2 to 3 Bedroom Apartments

Magnolia Terrace

900 Riverside DrMonroe, LA 71201
  • Utilities Included
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Southern Pines
3 to 4 Bedroom Apartments

Southern Pines

101 Preston LoopMonroe, LA 71202
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Belle Bayou
1 to 2 Bedroom Apartments

Belle Bayou

4200 Loop RdMonroe, LA 71201
  • Utilities Included
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Armstrong Apartments
1 Bedroom Apartments

Armstrong Apartments

214 Balboa DrMonroe, LA 71203
Senior Living
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Stadium Place
1 to 2 Bedroom Apartments

Stadium Place

510 Warhawk WayMonroe, LA 71203
  • Utilities Included
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Cotton Bayou Estates
2 to 4 Bedroom Apartments

Cotton Bayou Estates

127 Cotton Bayou LnMonroe, LA 71202
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Shannon Oaks
Studio to 3 Bedroom Apartments

Shannon Oaks

1702 Shannon StMonroe, LA 71201
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Heritage Court
2 Bedroom Apartments

Heritage Court

625 Warhawk WayMonroe, LA 71203
  • Utilities Included
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Tri-City
3 to 4 Bedroom Apartments

Tri-City

1804 Laymen DrMonroe, LA 71201

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Monroe, LA Local Guide

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Cheapest Available Monroe Apartments for Rent

 

The cheapest available apartment rental in Monroe, LA is a 1 Bed unit found at Contempo Apartments priced from $650. Park Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Contempo Apartments1 Bedroom @ 663 SF1BR,1BA$650
Park Place Apartments1 Bedroom1BR,1BA$650
Creel PropertiesSTADIUM1BR,1BA$730
Westchester SquareMed 1 bed1BR,1BA$760
Haltere at Monroe1 Bedroom 1 Bathroom1BR,1BA$775
Belle BayouTwo Bedroom2BR,1BA$799
Churchill Townhouses Apartments1 bedroom loft1BR,1BA$825
Shadow GlenStudioStudio,1BA$830
Westbrook Villa2BR/1BA2BR,1BA$848
Parkwest Apartments2 bedroom2BR,1BA$850

Best Value Apartments for Rent in Monroe, LA

As of April 23, 2026 the best value apartment in the Monroe area is the $1.29 price per square foot RYAN Model at Creel Properties in the starting from $1,800. The second greatest value Monroe apartment is the 2 BR/2 BA Model at Frances Place Apartments starting at $950 with a $0.86 price per square foot . Here is today’s list of the best values for Monroe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Creel PropertiesRYAN4BR,2BA$1.29
Frances Place Apartments2 BR/2 BA2BR,2BA$0.86
Town & Country Apartment HomesThree Bedroom / One and a half Bath3BR,1.5BA$1.14
Westbrook Villa2BR/2BA2BR,2BA$1.06
Parkwest Apartments2 bedroom2BR,1.5BA$0.85
Belle BayouTwo Bedroom2BR,1BA$1.00
Churchill Townhouses Apartments1 bedroom loft1BR,1BA$1.03
Haltere at Monroe1 Bedroom 1 Bathroom1BR,1BA$1.08
Westchester SquareMed 1 bed1BR,1BA$1.08
Contempo Apartments1 Bedroom @ 663 SF1BR,1BA$0.98

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Monroe Overview

Monroe is the eighth largest city in Louisiana. It is an educational, economic and medical hub for Louisiana. The people of Monroe make the city exciting and a beautiful place to live and the options for apartments in Monroe make finding the perfect place to live easy. The city boasts of many unique shops, community centers, neighborhood parks and local restaurants. You get to enjoy great food, a wide variety of entertainment, and most of all the interaction with welcoming people.

Why live in Monroe, LA?

There is a lot of good about the city and living in Monroe apartments. If you are looking for a place where community matters, Monroe is the right city for you. On top of the good transportation, peaceful neighborhoods, beautiful parks and more, there is a robust farmer’s market where you can get fresh food. There are great schools both private and public in the area. The people are however the best part of Monroe, they are warm, caring and friendly.

Best Local Schools in
Monroe, LA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Monroe, LA Rentals by Map

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See the most popular apartments and homes in Monroe, LA

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Frequently Asked Questions about Cheap Monroe Apartments

How much is rent for a Cheap One Bedroom Monroe Apartment?

The lowest price for a Cheap One Bedroom Monroe Apartment is $650 at Contempo Apartments.

What is the lowest price for a Cheap Two Bedroom Monroe Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monroe is starting from $799 at Belle Bayou.

What is the most affordable Monroe Three Bedroom Apartment?

The best deal on a cheap Monroe Three Bedroom Apartment rental is at Westbrook Villa and starts from $948.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.